Public Employees Retirement System of Ohio Invests $2.19 Million in Getty Realty Corporation $GTY

Key Points

• Public Employees Retirement System of Ohio acquired 65,626 Getty Realty shares worth approximately $2.19 million, while institutional investors and hedge funds collectively own 85.11% of the stock.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share of $0.36 narrowly missed the $0.37 consensus estimate.
• The REIT declared a quarterly dividend of $0.485 per share, equivalent to $1.94 annually and a 6.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $35.29.

Public Employees Retirement System of Ohio acquired a new stake in Getty Realty Corporation (NYSE:GTY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 65,626 shares of the real estate investment trust's stock, valued at approximately $2,189,000. Public Employees Retirement System of Ohio owned approximately 0.11% of Getty Realty at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Amundi raised its position in Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after purchasing an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Getty Realty in the 1st quarter valued at approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Getty Realty by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock worth $9,564,000 after purchasing an additional 23,370 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock worth $3,533,000 after acquiring an additional 58,255 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Getty Realty by 13.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust's stock worth $462,000 after purchasing an additional 1,961 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Trading Down 0.2%

NYSE:GTY opened at $32.46 on Monday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 19.79, a PEG ratio of 2.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. Getty Realty Corporation has a one year low of $25.39 and a one year high of $36.83. The company's 50-day simple moving average is $33.87 and its 200 day simple moving average is $33.31.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, analysts forecast that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty's payout ratio is 118.29%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTY. KeyCorp boosted their price target on Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Robert W. Baird boosted their price target on shares of Getty Realty from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and issued a $39.00 price target on shares of Getty Realty in a report on Tuesday, September 1st. Huntington started coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 target price for the company. Finally, Citigroup restated a "market outperform" rating on shares of Getty Realty in a research note on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.29.

Getty Realty Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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